Office of the President Republic of China(Taiwan)

President Tsai Ing-wen delivered remarks at the Agricultural Finance Conference via video on the morning of September 8, where she stated that the government has set up a system of four major benefits to provide more comprehensive safeguards for farmers' rights. The president said that in the future, we will continue to actively promote the internationalization of Taiwan's agricultural sector and create a national-level agricultural export team. President Tsai expressed confidence that through cooperation with Taiwanese businesspeople based around the world, we can continue to expand into new countries and markets to open up more agricultural export opportunities. The president also encouraged the agricultural and fisheries industries to adopt smart technologies and circular economy approaches, and continue to upgrade and transform the agricultural sector. A translation of President Tsai's remarks follows: We have implemented many important agricultural policies over the past few years, as we look to provide more comprehensive safeguards for farmers' rights and develop more sustainable agricultural industries in Taiwan. To ensure that farmers' rights are protected, we have established a system of four major benefits, which includes expanded health insurance, occupational injury coverage, and agricultural insurance. This also includes a farmers' pension system that was officially launched on January 1 this year. Now farmers finally have the same retirement protection as other professions.  In response to the threat of severe agricultural losses due to extreme weather, we have developed agricultural insurance. By the end of July this year, we identified 25 products and established 38 insurance policies. Now, 114,000 hectares are insured for a total of NT$26.3 billion, and these efforts will continue into the future. More and more young people with fresh ideas are also returning to their hometowns, using their expertise and creativity to inspire new developments in agriculture. Through loans for young people establishing agricultural businesses that provide support and extra benefits, we hope to give more people more resources to spur progress in rural areas. Going forward, we will continue to actively promote the internationalization of Taiwan's agricultural sector, and create a national-level agricultural export team. We also encourage venture capital investments in all types of agriculture, and will invest resources in cold chains, processing, and logistics to promote continuous improvement. I am confident that through collaborating with Taiwanese businesspeople based around the world, we can continue to expand into new countries and new markets to open up more export opportunities for our agricultural sector. We also hope to encourage the agriculture and fisheries industries to adopt smart technologies and circular economy approaches, and continue to upgrade and transform their operations. All of these important issues will be covered at today's conference. I am sure that your discussions here will spur even more constructive ideas, and hope you will all continue to share your insights on agricultural finance policies. Let's all work together. Thank you.

During remarks regarding international trade issued in the Presidential Office Building Entrance Hall today, President Tsai Ing-wen said that she has instructed the relevant ministries to set permissible ractopamine residue levels for imported pork and ease restrictions on the import of beef from US cattle aged 30 months or older based on the prerequisite of ensuring the health of our citizens, and in accordance with scientific evidence and international standards. President Tsai emphasized that the government, following comprehensive assessment, has concluded that further easing restrictions at this point on imports of beef and pork from the US is a decision that is consistent with our overall national interests and future strategic development goals. It is also a decision that promotes Taiwan-US relations, satisfies food safety standards, and ensures that the incomes of pig farmers are not adversely affected. The government, she said, will implement stringent safety controls, strengthen quarantine and inspection procedures for imported meat products, and implement food product labeling regulations. She also asked everyone to take this courageous step forward together so that the nation can move toward a better future.   A translation of the president's remarks follows: Today, we want to make a key decision for Taiwan to resolve a long-standing issue. Regarding importing beef and pork from the United States, after rigorous assessments over the past few years, I have already instructed the relevant ministries, based on the prerequisite of ensuring the health of our citizens, and in accordance with scientific evidence, and international standards to set permissible ractopamine residue levels for imported pork, and ease restrictions on the import of beef from US cattle aged 30 months or older. This decision is based on our national economic interests and consistent with our overall strategic goals for the future. Taiwan's economy now stands at a historical turning point. We must take advantage of this strategic opportunity to push past obstacles, find a viable path forward, and embrace new global economic circumstances. As we know, the US-China trade dispute and the current pandemic have brought structural changes to the global economy, and accelerated and expanded the realignment of global supply chains. Facing these major economic changes, Taiwan has undertaken vigorous economic reforms and responded appropriately to control the pandemic. We have therefore not just held steady, but our economic growth rate is once again number one amongst the Four Asian Tigers. The domestic stock market has also hit a new historical high. At the same time, we have welcomed the largest wave of return investments by domestic firms in decades. More and more multinational enterprises see potential in Taiwan and have increased their investments. Taiwan's economy has transformed and we are embracing the opportunities of the future.  Moving forward, Taiwan must become a critical force in the realignment of global supply chains. We have to accelerate the formation of links with economies around the world, and particularly forge a closer bond with our strongest strategic partner and global economic leader, the US. Taiwan is a significant and critical trade partner of the US, and Taiwan and American businesses have close cooperative relationships. But it is undeniable that our relevant regulations, which are not yet in line with international norms, have become an obstacle to furthering Taiwan-US economic cooperation. I trust that if we can take this key step regarding US beef and pork issues, it will be an important starting point for more comprehensive Taiwan-US economic cooperation. In the future, we can develop a more dynamic and vigorous economic and trade strategy. For industries, especially traditional industries, that have been impacted over the past two years by the US-China trade conflict and the pandemic, this is an important opportunity. Today's decision is also one that can strengthen Taiwan's relationship with the US. Former Presidents Chen Shui-bian and Ma Ying-jeou made commitments to the US with respect to resolving US beef and pork import issues. Although both presidents made great efforts under the circumstances they were faced with, they were only able to resolve part of this issue. This caused the international community to question the Taiwan government's ability to resolve problems. The level of trust in our ability to conduct trade negotiations has also been questioned. This not only impacted Taiwan-US trade relations, but has also caused other nations to have doubts about Taiwan's participation in regional trade agreements like the CPTPP, and question our commitment to resolving difficult trade issues. At this very moment, Taiwan-US relations are at their strongest level in decades. Ranging from Congress to the US business community, there are clear expectations of building deeper economic and trade ties with Taiwan, which includes the potential of a Taiwan-US bilateral trade agreement (BTA). This is an ideal opportunity for Taiwan's economic and trade development. However, we must display the commitment to both facing up to and resolving issues. Of course, we know that we still have a way to go before negotiating and signing a trade agreement. But a precondition for negotiations is to rationally manage trade issues, and open up to other countries on a mutual basis, based on the same international standards. Today's decision also complies with international food sanitation standards. The government is responsible for ensuring that all foodstuffs in the marketplace comply with national food sanitation standards. On that point, we will not make any compromises or concessions. Before 2012, there were no international regulatory standards for ractopamine levels. Concerns had also been raised about US beef due to bovine spongiform encephalopathy (BSE). We did at one stage have reservations about the importation of beef and pork containing ractopamine. In July 2012, however, following the drafting of international standards and subsequent risk assessments, greater scientific consensus has emerged. The Democratic Progressive Party, the opposition party at the time, therefore adjusted its stance to that, and with the protection of public health as a prerequisite, the government should establish regulations for imported foodstuffs based on scientific evidence and international standards. That was the position I took during the 2016 presidential election. We have not changed this principle, nor have we compromised. However, circumstances have changed. Previously unfulfilled conditions have gradually been met, which gives us the space to decide to further open the market. The first factor is that there is sufficient risk assessment data regarding ractopamine, and ample scientific evidence has accumulated over time. Since we opened the market in 2012, US beef has not created any food safety issues in Taiwan, while consumption of US beef by our citizens has grown significantly. Neighboring countries including Japan, Korea, and Singapore have all opened up to imports of pork containing small amounts of ractopamine. The government agencies in Taiwan also conducted health risk assessments of pork and beef products containing ractopamine in 2012, and 2019. Their findings all showed that there is no health safety risk when ractopamine levels are below the limit set by Codex Alimentarius. In addition, since 2013, the US has been listed by the World Organization for Animal Health (OIE) as having "negligible risk" for BSE. Similarly, in 2019 the Ministry of Health and Welfare conducted a rigorous risk assessment and also concluded that there is no safety risk. However, the government is very aware that people take food safety seriously. Regarding future imports of US beef and pork, I guarantee that the government will implement stringent safety controls. We will strengthen quarantine and inspection procedures for imported meat products. We will implement food product labeling regulations, indicating country of origin and providing consumers with sufficient information to make choices. All food product vendors, from those selling non-packaged and packaged foods, to retail markets, restaurants, and boxed-meal businesses, will have to provide consumers with comprehensive information about their products to ensure food safety. Today's decision will also ensure that Taiwan's pig farmers will not be negatively impacted. Please rest assured that the government will not sacrifice the rights and interests of Taiwan's pig farmers. I know there will be concerns that Taiwan's domestic pig farming industry could be impacted after US pork imports are permitted. I would like to remind everyone that, although we permitted pork importation at an earlier phase, currently domestic pork consumption is primarily from domestic sources. Imported pork accounts for only 10%, with Canada and Spain as the largest exporters to Taiwan, so the market share for US pork remains low. This shows that the previous phase of opening the market to US pork did not have a major impact on the industry. In addition, over the last few years, we have proactively bolstered our pig farming industry. This year we accomplished something that every government of the last 24 years could not. Aside from having Taiwan removed from the list of zones with foot and mouth disease, we also successfully blocked the transmission of African swine fever into Taiwan, making Taiwanese pork eligible for export. Domestic pork has a 90% market share in Taiwan and is becoming increasingly competitive. However, we will still go ahead and establish a NT$10 billion "Pig Farming Industry Fund" to ensure that pig farming livelihoods are not affected. We will also work to make our pig farming industry more competitive, allowing Taiwan's pig farming industry to reach new milestones following our success in stopping foot and mouth disease and African swine fever. Currently, our pork can be exported to Singapore and Macau. Moving forward we will do our utmost to enter other markets, allowing our pork to be sold around the world and making our pork industry more internationally competitive. With regard to the importing of beef and pork from the United States, in terms of food safety, our principles for permitting importation are scientific evidence, international standards, and clear labelling. In terms of industry, our goals are to guarantee pig farmers' incomes, make the domestic pork export industry more competitive, and open up to the international market. In the Executive Yuan press conference that will take place shortly, officials from the responsible ministries will explain concrete details and relevant measures to everyone. Finally, I want to once again emphasize that we have conducted a comprehensive assessment and concluded that further easing restrictions at this point on imports of beef and pork from the US is a decision that is consistent with our overall national interests and our strategic development goals. It is a decision that promotes Taiwan-US relations, satisfies food safety standards, and ensures that the incomes of pig farmers are not adversely affected. This marks an opportunity for Taiwan to move forward in engaging with the international community. We have made this decision and I hope that everyone can stand together with us to take this courageous step forward. Our nation will certainly stride toward a better future.

President Tsai Ing-wen, currently traveling overseas on her Journey of Freedom, Democracy, and Sustainability, inspected operations at a banana export collection center in St. Lucia on the afternoon of July 17 local time (early morning of July 18 Taipei time). The president took part in quality control operations alongside local farmers, affirming agricultural cooperation between Taiwan and St. Lucia through concrete action. After arriving at the export collection center, President Tsai first received a briefing from the head of the Taiwan Technical Mission in St. Lucia, Mr. Cheng Shih-lung (鄭仕隆), on the results of the Taiwan ICDF Banana Productivity Improvement Project in St. Lucia. Minister for Agriculture Ezechiel Joseph then delivered remarks in which he thanked the Taiwan government and technical mission for introducing new technologies to complement traditional domestic banana cultivation techniques and improve St. Lucia's agriculture. Prime Minister Allen Chastanet personally accompanied President Tsai to a banana inspection and quarantine area to hear a briefing from Minister Joseph on the center's quality control operations. The two leaders of state joined local farmers in quality control procedures by sealing and signing boxes. While posing for a group photo, the president staught the prime minister how to say "great job" in Taiwanese. Everyone enjoyed themselves in a warm and friendly atmosphere. Bananas are a key cash crop for St. Lucia, which is why Taiwan has carried out a Banana Black Sigatoka Disease Prevention and Treatment Project there since 2012. This project has effectively helped St. Lucia control black Sigatoka disease, and in 2019, a Banana Productivity Improvement Project was also launched in St. Lucia. Taiwan has much experience exporting bananas, and is tapping into that experience to help improve St. Lucia's banana cultivation infrastructure, control diseases and pests that affect bananas, enhance production management techniques, and provide guidance on how to obtain GLOBALG.A.P. certification. By increasing the export competitiveness of their bananas, St. Lucia became the only country in the eastern Caribbean that exports bananas to the United Kingdom and the European market. Before leaving the export collection center, President Tsai fielded questions from reporters. Asked about a recent op-ed in which former NATO Secretary-General Anders Fogh Rasmussen called on Europe to defend democratic Taiwan, President Tsai stated that we are, of course, very grateful to international friends who care about democracy, freedom, and human rights in Taiwan, and speak out on our behalf. She expressed confidence that more and more people will take an interest in the development of democracy in Taiwan, as well as Taiwan's right to choose its own way of life and what kind of future it wants. We further hope, she said, that our citizens will value Taiwan's democracy and freedom, for we all bear a shared responsibility to pass freedom and democracy on to future generations. Commenting on Internet reports that the government donated more funds to Haiti's power grid than it did for dengue fever control in Taiwan, President Tsai pointed out that Taiwan's support for the Haitian power grid project was in the form of a loan, and it was a commercial loan. As for the Kaohsiung City Government's budget proposal for dengue fever control, the president stated: "Fifty million NT dollars is 50 million NT dollars. That 50 million didn't become just 20 million. We feel that someone has deliberately spread false information, so we've reported this matter to the police."

President Tsai Ing-wen's series of state visits under the "Oceans of Democracy" theme continued on the afternoon of March 25 as she attended the inauguration ceremony for the Taiwan Agriculture and Livestock Education Center in Nauru set up by the Taiwan Technical Mission. The president applauded the technical mission for bringing Taiwan's agricultural technologies to Nauru and achieving great things, and hopes to see our technical missions continue to share Taiwan's experience in food and agricultural education with our friends so we can develop and move forward together.    The inauguration ceremony kicked off with President Tsai and President Baron Waqa jointly announcing the official opening of the Taiwan Agriculture and Livestock Education Center. The technical mission leader, Lee Yi-long (李宜龍), then explained the mission's farm management concepts and results. In remarks, President Tsai said the inauguration of the Taiwan Agriculture and Livestock Education Center marked a new step forward in the cooperation between Taiwan and Nauru. She was very pleased to witness this important moment alongside President Waqa and our partners from the technical mission. President Tsai went on to say that Taiwan attaches great importance to food and agriculture education. In addition to launching extension projects, our government has also passed legislation on food and agriculture education. With the establishment of this center, she said, we can now share our food and agriculture education experience with our friends, allowing us to develop and move forward together. Looking ahead, President Tsai said this important work will depend on the efforts of colleagues from the Taiwan Technical Mission. Over the years, she said, they have achieved many successes by bringing Taiwanese agricultural technologies to Nauru. In addition to passing on farming skills, they have helped provide a more varied diet, improving people's health and deepening our nations' friendship. Before setting out on every state visit, President Tsai said, she has always told Foreign Minister Joseph Wu (吳釗燮) that we must visit local Taiwan Technical Missions. And of course, those visits aren't just about listening to briefings. She always hopes to give mission colleagues—people on the diplomatic frontline—as much encouragement as she can. Last year, the president said, with the expertise and hard work of those at our Taiwan Technical Missions in mind, she asked Foreign Minister Wu to look into improving their benefits so we can take care of our colleagues, as well as ensure we can retain talent. Starting from last year, the president emphasized, the subsidies provided to technical mission personnel for housing and children's education have been brought into line with staff from other government units posted overseas, giving more support to those toiling far from home. President Tsai then noted that the technical mission leader, Lee Yi-long, and his girlfriend, Huang Mei-chun (黃美君), met while serving together on the technical mission, and that Mei-chun was also part of the delegation on this trip. The president noted that having just heard Mr. Lee's briefing, she got a very favorable impression of him, and since technical mission personnel are getting better benefits and higher salaries, the couple can really think about their future together. President Tsai then noted that every time she goes abroad, the achievements that stem from the hard work of the Taiwan Technical Missions always make a deep impression on her. On behalf of everyone from Taiwan, she thanked the technical mission personnel for their contributions. She also thanked President Waqa, as the Nauru government not only provides accommodation for those personnel, but also fully supports and assists our bilateral cooperation projects. President Tsai then emphasized that as Taiwan and Nauru take the next step forward together, she looks forward to seeing the cooperation between our two countries yielding even more new developments and accomplishments. President Tsai then inspected the Technical Mission's egg production and vegetable farm, and learned about their mushroom cultivation project. She then attended the graduation showcase for a women's cooking class, where she enjoyed afternoon tea with members of the mission. With President Tsai, President Waqa, and Foreign Minister Wu present as witnesses, Mission Leader Lee Yi-long proposed to Mei-chun. She accepted his proposal, and the warm and emotional moment garnered the well-wishes of all present. President Tsai then said that Yi-long and Mei-chun's story tells us that no matter the distance between Taiwan and Nauru, we are sure to create positive results, whether in diplomacy or marriage. Earlier in the day, President Tsai was accompanied to the Naoero Museum by Presidential Counsel Peter Jacob and Government Information Office and Naoero Museum Director Joanna Olsson. The president also offered encouragement to the volunteer orthopedics team from Taiwan's Taichung Veterans General Hospital, thanking them for their devotion to furthering medical cooperation between Taiwan and Nauru. Among those attending the event from Nauru were President Waqa and his wife, several cabinet ministers, and Nauru Ambassador to the ROC (Taiwan) Chitra Jeremiah. Representing Taiwan were Foreign Minister Joseph Wu, National Security Council Deputy Secretary-General Tsai Ming-yen (蔡明彥), other delegation members, and Ambassador to Nauru Chow Chin-fa (周進發).

President Tsai Ing-wen inspected the Taiwan Technical Mission in Palau as part of her Oceans of Democracy state visits on the morning of March 22 local time (morning of March 22 Taipei time). She praised the Technical Mission's dedication to the partnership between Taiwan and Palau, saying that their top-notch agricultural technologies are showing the world Taiwan's strengths, and they are the pride of Taiwan. In remarks, the president stated that on every trip abroad, she makes a point of visiting our Technical Missions. The point of these visits is not to hear progress reports, but to encourage our technicians working on the frontlines of diplomacy. Their work far from home has brought Taiwan’s technologies to our allies, making a number of good friends in the process. Their work and achievements are a testament to Taiwan’s friendship, she said. The president pointed out that our Technical Mission in Palau predates our embassy, as the Mission arrived in Palau in 1985. The stable friendship Taiwan and Palau enjoy today is in no small part due to their endeavors. President Tsai mentioned that the team is using technical cooperation to overcome land limitations, contributing greatly to food security and more varied diets here. This year, following up on the success they have had with papayas and dragon fruit, they are introducing tropical fruits like mango, wax apple, and lychee, and she expressed hope that they will thrive in Palau. The president said that Palau is a globally renowned tourism destination with many stellar hotels. She expressed hope that through their work, Taiwan’s fruits will become staples in hotels throughout Palau. We hope that in addition to giving the people of Palau the chance to enjoy it, travelers from all over the world will be able to enjoy delicious fruit that came from Taiwan and is produced in Palau. In closing, the president said that sharing our top-notch agricultural technologies is the best way for us to show the world Taiwan's strengths. She again thanked the Technical Mission members for all their hard work, and said that they are the pride of Taiwan. President Tsai then asked Taiwan Technical Mission in Palau Chief Pang-chi Yang (楊邦棋) to introduce each of the mission members individually, and each member shared their experiences and thoughts on working in Palau. The president then took a walking tour of the fruit and vegetable garden, where she heard reports in an area cultivating dragonfruit, as well as areas growing guava, calamondin oranges, and wax apples from Taiwan, and she personally picked and tasted a cantaloupe. The president then was accompanied by Minister of State Faustina Rehuher-Marugg to the Palau Old Age Center, where she wove a traditional Palauan placemat using pandan leaves under the guidance of a professional female weaver. She also accepted a handbag woven from pandan leaves as a gift. In response to media questions regarding statements made by the WHO spokesperson stating that without a "cross-strait understanding" Taiwan would not receive an entrance ticket to the WHA, the president stated that health is both a human right and a universal value. Beijing has no reason to exclude Taiwan from the WHO and WHA, or the global health system as a whole. The 23 million people of Taiwan's right to health cannot be neglected, nor should it be erased. Taiwan's absence is truly a loss to the entire international health system. Taiwan can do more, and can contribute more. Our medical collaborations with our allies have all produced meaningful, substantive results, and we will continue to fight to join the WHA and WHO. In response to media questions regarding China's opposition to the delegation's transit stop in Hawaii, President Tsai stated that Beijing opposes everything, saying, "When you go see a friend, do you ask your neighbor's permission first?" Also in attendance were Foreign Minister Joseph Wu (吳釗燮), National Security Council Deputy Secretary-General Tsai Ming-yen (蔡明彥), Minister of Health and Welfare Chen Shih-Chung (陳時中), Council of Indigenous Peoples Minister Icyang Parod (夷將‧拔路兒), and ROC Ambassador to Palau Wallace M.G. Chow (周民淦).  

On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Ten-Billion-Dollar Youth Overseas Dream Fund is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.